Mr.X gave his land to a promoter in a land development agreement.
The promoter will give a flat to Mr X after 4 years. The agreement was to provide a 1100 sq. feet built up flat.
The promoter asks the owner of the land to pay GST on the value of flat.
Whether GST will be applicable on the value of property?
If yes then when will be the point of taxation?
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GST on construction services
Replies (1)
" Whether GST will be applicable on the value of property? "
YES
"If yes then when will be the point of taxation?"
Date of possession given of land or JDA agreement whichever earlier.......
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